Cumulative results for the first three quarters of 2021
Historic volume of net electricity sales across all markets and net income up $633 million
Due to a $244‑million increase in net electricity sales in Québec, a jump of $118 million in net exports and a $153-million decline in financial expenses, Hydro‑Québec’s net income totaled $2,441 million for the first three quarters of 2021, or $633 million more than the $1,808 million recorded for the same period in 2020.
With a historic volume of net electricity sales across all markets for the first nine months of the year, Hydro‑Québec continues to post an excellent financial performance in 2021.
Highlights of the first nine months
Increase in electricity demand from all customer segments
Warmer temperatures in spring 2021
More than 3°C higher in April
Markets outside Québec:
Strong volume of net exports: 27.8 TWh
Volume growth of nearly 20%
Average price obtained: 4.0¢/kWh
Investments in property, plant and equipment and intangible assets throughout Québec up more than $700 million
Significant increase in investments allocated to asset sustainment and improvement
Issuance of fixed-rate bonds maturing in 2060 at an average cost of 2.69%, bringing total proceeds raised since the start of the year to $2.1 billion